HELICS GEMB: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HELICS GEMB
Largest movements
- Receivables within one year -€2.6m
down €2.6m (-89.3%), from €2.9m to €306,448
of which Trade receivables: -€2.7m
- Tangible fixed assets -€799,933
down €799,933 (-100.0%), from €799,933 to €0
- Stocks and contracts -€571,550
down €571,550 (-99.0%), from €577,550 to €6,000
- Cash +€200,629
up €200,629 (+68.2%), from €294,238 to €494,867
mainly Receivables within one year (+€2.6m) and Investment in fixed assets (net) (+€802,643)
- Trade debts -€1.9m
down €1.9m (-76.7%), from €2.5m to €577,490
- Profit (loss) carried forward -€1.8m
down €1.8m (-58.9%), from -€3.1m to -€4.9m
- Goods and materials -€3.3m
no longer reported in 2025 (was €3.3m)
of which Purchases: -€3.8m
- Gross operating margin -€1.1m
new in 2025: -€1.1m
- Turnover -€1.0m
no longer reported in 2025 (was €1.0m)
- Financial charges +€476,179
up €476,179 (+5109.4%), from €9,320 to €485,499
of which Non-recurring financial charges: +€477,659
- Write-downs -€304,988
down €304,988 (-54.7%), from €557,550 to €252,562
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,455,887 | €1,687,975 | -€3.8m | -69.1% |
| Fixed assets | 21/28 | €802,643 | €0 | -€802,643 | -100.0% |
| Intangible fixed assets | 21 | €2,710 | €0 | -€2,710 | -100.0% |
| Tangible fixed assets | 22/27 | €799,933 | €0 | -€799,933 | -100.0% |
| Land and buildings | 22 | €295,465 | €0 | -€295,465 | -100.0% |
| Plant, machinery and equipment | 23 | €330,510 | €0 | -€330,510 | -100.0% |
| Furniture and vehicles | 24 | €173,958 | €0 | -€173,958 | -100.0% |
| Current assets | 29/58 | €4,653,244 | €1,687,975 | -€3.0m | -63.7% |
| Amounts receivable after more than one year | 29 | €920,667 | €870,667 | -€50,000 | -5.4% |
| Trade receivables | 290 | - | €870,667 | +€870,667 | |
| Other amounts receivable | 291 | €920,667 | - | -€920,667 | |
| Stocks and contracts in progress | 3 | €577,550 | €6,000 | -€571,550 | -99.0% |
| Stocks | 30/36 | €577,550 | €6,000 | -€571,550 | -99.0% |
| Goods purchased for resale | 34 | €577,550 | - | -€577,550 | |
| Amounts receivable within one year | 40/41 | €2,860,789 | €306,448 | -€2.6m | -89.3% |
| Trade receivables | 40 | €2,703,386 | €0 | -€2.7m | -100.0% |
| Other amounts receivable | 41 | €157,403 | €306,448 | +€149,045 | +94.7% |
| Cash at bank and in hand | 54/58 | €294,238 | €494,867 | +€200,629 | +68.2% |
| Deferred charges and accrued income | 490/1 | €0 | €9,993 | +€9,993 | |
| Total equity and liabilities | 10/49 | €5,455,887 | €1,687,975 | -€3.8m | -69.1% |
| Equity | 10/15 | €2,900,336 | €1,068,650 | -€1.8m | -63.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,989,549 | €5,989,549 | = | 0.0% |
| Distributable reserves | 133 | €5,989,549 | €5,989,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,107,812 | -€4,939,499 | -€1.8m | -58.9% |
| Amounts payable | 17/49 | €2,555,550 | €619,325 | -€1.9m | -75.8% |
| Amounts payable within one year | 42/48 | €2,555,550 | €619,325 | -€1.9m | -75.8% |
| Trade debts | 44 | €2,473,231 | €577,490 | -€1.9m | -76.7% |
| Suppliers | 440/4 | €2,473,231 | €577,490 | -€1.9m | -76.7% |
| Taxes, remuneration and social security | 45 | €51,114 | €10,630 | -€40,484 | -79.2% |
| Taxes | 450/3 | €44,010 | €10,630 | -€33,380 | -75.8% |
| Remuneration and social security | 454/9 | €7,104 | €0 | -€7,104 | -100.0% |
| Other amounts payable | 47/48 | €31,205 | €31,205 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €1,047,336 | - | -€1.0m | |
| Turnover | 70 | €1,039,327 | - | -€1.0m | |
| Other operating income | 74 | €8,009 | - | -€8,009 | |
| Operating charges | 60/66A | €4,145,830 | - | -€4.1m | |
| Goods for resale, raw materials and consumables | 60 | €3,288,496 | - | -€3.3m | |
| Purchases | 600/8 | €3,822,970 | - | -€3.8m | |
| Change in stocks: decrease (increase) | 609 | -€534,474 | - | +€534,474 | |
| Services and other goods | 61 | €213,312 | - | -€213,312 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,141 | €0 | -€82,141 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €557,550 | €252,562 | -€304,988 | -54.7% |
| Other operating charges | 640/8 | €4,331 | €4,378 | +€47 | +1.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | - | -€1,122,433 | -€1.1m | |
| Operating profit (loss) | 9901 | -€3,098,493 | -€1,379,373 | +€1.7m | +55.5% |
| Financial income | 75/76B | €1 | €5 | +€4 | +611.8% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +611.8% |
| Other financial income | 752/9 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,320 | €485,499 | +€476,179 | +5109.4% |
| Recurring financial charges | 65 | €9,320 | €7,840 | -€1,479 | -15.9% |
| Debt charges | 650 | €58 | - | -€58 | |
| Other financial charges | 652/9 | €9,262 | - | -€9,262 | |
| Non-recurring financial charges | 66B | - | €477,659 | +€477,659 | |
| Profit (loss) for the period before taxes | 9903 | -€3,107,812 | -€1,864,867 | +€1.2m | +40.0% |
| Income taxes | 67/77 | €0 | -€33,180 | -€33,180 | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,107,812 | -€1,831,687 | +€1.3m | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,107,812 | -€1,831,687 | +€1.3m | +41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.